Where Is Bitcoin Being Adopted Globally?


Obviously Bitcoin is, and remains, the most popular crypto on the planet spanning virtually every country. Ah, but where is this distribution being adopted most actively? Lets take a view from space. A study has shown that there are 36 countries around the globe where at least 1% of their population uses Bitcoin. Obviously a country, or region/continent, with a large population will have a greater overall number of users but other factors also play a part. Think infrastructure such as cost of electricity or how Bitcoin is used such as payments, merchant acceptance, etc as well as even capital flight. See where all this is happening below.
(Bill Taylor/ Fintek Capital)


“Bitcoin remains the most popular cryptocurrency in the world today with a network that spans across the globe. But just what the distribution of Bitcoin nodes tell us about the rate of adoption of the top-ranked cryptocurrency on a global scale?

GLOBAL DISTRIBUTION OF BITCOIN NODES

According to a 2019 study by Themetafriend, there are 36 countries in the world with at least one percent of their population as Bitcoin users. This study assumed a relationship between the ratio of Bitcoin nodes in any two countries to that of the number of users in those countries.

Using this ratio, it seems theoretically possible to examine the distribution of Bitcoin users worldwide. The following is an estimate of the number of Bitcoin users in different continents.

EUROPE AND NORTH AMERICA

Europe and North America are hardly ever absent from any conversation related to technological advancements. Of the 36 countries where Bitcoin users make up at least one percent of their population, 26 are in Europe or North America.

These nations include Canada, France, Belgium, Belarus, Germany, the U.K., and the U.S. Others are Lithuania, Luxembourg, Norway, Romania, Iceland, Slovenia, and Sweden…”


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